"Bitcoin price traded around $93,000 on Monday after Strategy disclosed it acquired 8,178 BTC for approximately $835.6 million over the past week, its largest buy since mid-summer. According to an SEC filing and a Michael Saylor post on X, the purchases were made at an average price of $102,171 per bitcoin. The company now holds 649,870 BTC acquired for roughly $48.37 billion at an average cost of $74,433 per coin. Strategy said its bitcoin yield has reached 27.8% year-to-date."
"The acquisition was funded primarily through preferred stock issuance. The company raised about $715 million earlier this month through its new euro-denominated preferred series, STRE ("Steam"), which expanded its high-yield offerings to European investors. It also generated another $131.4 million from sales of its STRC ("Stretch") preferred shares, according to Monday's filing. The move marks a return to large-scale accumulation by Strategy. Strategy's recent bitcoin purchases had been smaller and more incremental amid a sharp drop in the company's stock price."
Strategy acquired 8,178 BTC for approximately $835.6 million at an average price of $102,171 per bitcoin, bringing its total holdings to 649,870 BTC acquired for roughly $48.37 billion at an average cost of $74,433 per coin. The company funded the recent purchase primarily through preferred stock issuance, raising about $715 million via a euro-denominated STRE series and $131.4 million from STRC preferred shares. Bitcoin traded near $93,000–$94,500 around the announcement. MSTR shares have fallen roughly 56% over four months, limiting common-stock issuance without dilution. The company’s enterprise value now sits only slightly above its bitcoin reserves. Bitcoin has dropped nearly 30% from early-October highs.
Read at Bitcoin Magazine
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